Raghee Hornor, Future and Currency Expert at Simpler Trading joins me to recap the growing trade deficit data as well as the Bank of Canada and ECB statements all from yesterday. As the US trade deficit continues to grow we are also seeing the central banks around the world turn more dovish. Although the Bank of Canada and ECB are on hold they are in a more dovish hold than the Fed. All this data and news needs to be filtered to determine what is driving the markets and even more so sentiment.
Click here to visit the Simpler Trading website to follow along with Raghee’s trade.